Volkswagen CFO Advocates Cost Reduction Over Tariffs to Compete With Chinese EVs

May 27, 2024 – According to a report by Bloomberg, Arno Antlitz, the Chief Financial Officer of Volkswagen, stated this week that imposing higher import tariffs on Chinese-made electric vehicles by the European Union would only provide a “temporary breather.” In the long run, he emphasized, cost reduction remains the essential condition for maintaining competitiveness….

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Soaring EV Sales in the US Result in Electricity Consumption Surpassing That of the Rail System

May 22, 2024 – According to data from the U.S. Energy Information Administration (EIA), the annual electricity consumption of light-duty electric vehicles (EVs) in the United States surpassed that of the railroad system for the first time in 2023. The EIA has been publishing estimated electricity consumption data for EVs at the national, regional, and…

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Tesla Hits Milestone: 3 Millionth Car Rolls Off Production Line at Fremont and Nevada Gigafactories

May 19, 2024 – Tesla, the electric vehicle giant, announced a significant milestone yesterday afternoon via its X platform account. The company revealed that it had manufactured its three millionth car, marking a remarkable achievement in the automotive industry. Accompanying the announcement were a pair of photographs showcasing the landmark vehicle, a sleek deep blue…

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